The definition of relatives would be added to the IBC alongside that of related party under Section 5(24) of the IBC. The government is set to define the term relatives in the context of persons considered related parties who will be ineligible to bid for stressed assets under the Insolvency and Bankruptcy Code (IBC), sources…
Image: Michelle – Ranson Media Perth Fringe World has taken legal action against independent promoter JumpClimb Pty Ltd, which staged shows under the festivals banner, and then collapsed leaving artists and contractors unpaid to the tune of an estimated $200,000. Fringe World is moving to put JumpClimb in administration to try and claw back the…
A woman accused of hiding her twin girls from their father for four years understands the trouble she’s in but wants to salvage her relationship with them, a Brisbane court has heard. The 45-year-old, who can’t be named for legal reasons, will remain in custody until later this month after being refused bail in Brisbane…
Australias leader Malcolm Turnbull will use Tuesdays budget to try and woo back disaffected voters before Donald Trump and Xi Jinpings trade tensions undermine the most China-dependent developed economy. Malcolm Turnbull Photographer: Brendon Thorne/Bloomberg A sudden surge in revenue is allowing Turnbull to offer tax relief instead of paying down the countrys budget deficit early.…
Talk about fortuitous timing. There’s an election looming and a budget situation long portrayed as a disaster suddenly on the mend. But what to do with this sudden bounty? Repair the finances and bolster the balance sheet in case the global economics winds turn nasty? Or give way to temptation and indulge the…
When a company becomes insolvent, numerous issues arise. Insolvency law is meant to address some of them, but not all. Photo: iStockphoto When a company becomes insolvent, numerous issues arise. Insolvency law is meant to address some of them, but not all. For the others, the solution must be found in non-insolvency laws. This distinction…
In an interview with Fairfax Media, Treasurer Scott Morrison said infrastructure spending would qualify as good debt in Tuesday night’s budget but that he was bringing spending under control to prevent the use of bad debt to cover ongoing expenses. I will be reducing net debt. I will be ensuring debt is under control, he…
Mark Turnbull, Managing Director of SCL Elections/Cambridge Analytica arrives at the offices of Cambridge Analytica in central London. REUTERS/Henry Nicholls Britain is backing an American professor’s effort to obtain personal data from Cambridge Analytica’s parent. SCL Elections will face criminal action if it does not hand over the data within 30 days. The ruling could…
NEW DELHI: The National Company Law Tribunal (NCLT) has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not “misused or misinterpreted”. It also said that the resolution professional (RP) should be competent and independent so that there are no interruptions in the process which…
(Reuters) – Britains data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a U.S. academic, confirming the right of people abroad to seek data held by a UK firm. The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls…